Exxon Mobil Co. (NYSE:XOM) is Hutchinson Capital Management CA’s 10th Largest Position

Hutchinson Capital Management CA lifted its position in Exxon Mobil Co. (NYSE:XOM) by 0.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 138,425 shares of the oil and gas company’s stock after buying an additional 969 shares during the period. Exxon Mobil makes up about 3.3% of Hutchinson Capital Management CA’s investment portfolio, making the stock its 10th biggest position. Hutchinson Capital Management CA’s holdings in Exxon Mobil were worth $15,935,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Levin Capital Strategies L.P. lifted its holdings in Exxon Mobil by 11.8% in the second quarter. Levin Capital Strategies L.P. now owns 32,609 shares of the oil and gas company’s stock valued at $3,754,000 after acquiring an additional 3,439 shares during the period. Sachetta LLC lifted its stake in shares of Exxon Mobil by 13.7% in the 2nd quarter. Sachetta LLC now owns 5,499 shares of the oil and gas company’s stock worth $650,000 after purchasing an additional 664 shares during the period. Bright Futures Wealth Management LLC. boosted its holdings in shares of Exxon Mobil by 4.3% in the second quarter. Bright Futures Wealth Management LLC. now owns 6,946 shares of the oil and gas company’s stock worth $812,000 after buying an additional 289 shares during the last quarter. Royal London Asset Management Ltd. grew its position in Exxon Mobil by 16.1% during the second quarter. Royal London Asset Management Ltd. now owns 2,029,475 shares of the oil and gas company’s stock valued at $233,633,000 after buying an additional 281,493 shares during the period. Finally, Dorsey & Whitney Trust CO LLC increased its holdings in Exxon Mobil by 12.9% during the second quarter. Dorsey & Whitney Trust CO LLC now owns 21,382 shares of the oil and gas company’s stock valued at $2,461,000 after buying an additional 2,440 shares during the last quarter. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Performance

XOM opened at $111.23 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.36. The stock has a market capitalization of $438.58 billion, a price-to-earnings ratio of 13.63, a PEG ratio of 4.48 and a beta of 0.90. The company has a fifty day moving average of $115.70 and a 200 day moving average of $114.94. Exxon Mobil Co. has a fifty-two week low of $95.77 and a fifty-two week high of $123.75.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share for the quarter, beating analysts’ consensus estimates of $2.04 by $0.10. The firm had revenue of $93.06 billion during the quarter, compared to analyst estimates of $90.09 billion. Exxon Mobil had a return on equity of 16.07% and a net margin of 9.73%. The business’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same quarter last year, the business posted $1.94 earnings per share. As a group, sell-side analysts forecast that Exxon Mobil Co. will post 8.37 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Thursday, August 15th were paid a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a yield of 3.42%. The ex-dividend date was Thursday, August 15th. Exxon Mobil’s payout ratio is 46.57%.

Analyst Ratings Changes

XOM has been the topic of several analyst reports. Sanford C. Bernstein dropped their price target on shares of Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 17th. Truist Financial cut their price target on Exxon Mobil from $124.00 to $121.00 and set a “hold” rating for the company in a report on Monday, July 22nd. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $135.00 price objective on shares of Exxon Mobil in a research note on Tuesday, July 9th. Wells Fargo & Company cut their price objective on Exxon Mobil from $139.00 to $135.00 and set an “overweight” rating for the company in a research note on Monday, August 5th. Finally, Evercore ISI upgraded shares of Exxon Mobil to a “strong-buy” rating in a research note on Monday, August 5th. Seven investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $136.29.

Exxon Mobil Company Profile

Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas in the United States and internationally. It operates through Upstream, Energy Products, Chemical Products, and Specialty Products segments. The Upstream segment explores for and produces crude oil and natural gas.